NEW YORK (Reuters) – The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report that indicated underlying pressures are building and thereby bolstering the case for the U.S. Federal Reserve to raise interest rates later this year.
“Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see,” said Brian Daingerfield, currency strategist at the Royal Bank of Scotland in Stamford, Connecticut. “Rate hike expectations have likely been brought forward as a result of some of the stronger data today.”
NEW YORK (Reuters) – Uganda, which has sent its troops to address regional instability in South Sudan and Somalia, is not considering putting any of its soldiers on the ground in Burundi where political unrest spurred an attempted coup on May 13.
“There are not plans for military intervention in Burundi,” Ruhakana Rugunda, told Reuters in an interview on Thursday.
NEW YORK, May 20 (Reuters) – The dollar hit a three-week
high against the euro and a two-month peak versus the yen on
Wednesday, extending a rebound rally underpinned by European
Central Bank plans to frontload its quantitative easing program
in a move to keep interest rates low.
“The ECB has taken the wind out of the euro’s sails,” said
Mark McCormick, currency strategist at Credit Agricole in New
NEW YORK (Reuters) – The dollar rose on Tuesday on unexpectedly better U.S. April housing data, compounding an earlier euro sell-off that was spurred by hints the European Central Bank could take more action to lower euro zone bond yields and boost inflation.
U.S. housing starts reached their highest level in 7-1/2 years in April, welcome news after dismal first-quarter data.
NEW YORK, May 18 (Reuters) – The U.S. dollar made
broad-based gains on Monday, recovering ground after several
weeks of selling that had brought the greenback down to more
attractive levels after prolonged strength.
The euro, which rose nearly 9 percent in value against the
U.S. dollar in the course of a month, pulled back more than 1
percent, its worst daily performance since mid-March.
NEW YORK (Reuters) – The U.S. dollar made broad-based gains on Monday, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.
The euro, which rose nearly 9 percent in value against the U.S. dollar in the course of a month, pulled back close to one percent, its worst daily performance since mid-April.
NEW YORK (Reuters) – Argentina debt holdouts on Monday asked a U.S. court to make more of the country’s debt, including bonds issued last month, subject to a prior court order blocking the country from making payments on its obligations without paying the holdouts as well.
Aurelius Capital Management, one of the lead holdout investors in defaulted Argentina sovereign debt, wants its prior victory in U.S. District Court on the principal of pari passu, or equal treatment, extended to all of Argentina’s external indebtedness.
NEW YORK, May 11 (Reuters) – Colombia’s peso, which has
fallen roughly 30 percent against the greenback, has entered a
new range due to the recent stabilization of oil prices, the
Andean nation’s finance minister said on Monday.
The peso has weakened to 2,391 per U.S. dollar from 2,057
pesos six months ago.
Finance Minister Mauricio Cardenas, speaking to reporters
during the Colombia InsideOut business conference in New York,
said much of what happens now to the exchange rate depends on
NEW YORK (Reuters) – Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece’s economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.
Kotzias is part of the leftist government that took over in January after an anti-austerity campaign promising to roll back reforms and cutbacks agreed by the prior government to improve Greece’s finances.
HOUSTON/NEW YORK (Reuters) – Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.
The OPEC member nation likely realized just over $50 billion in oil revenue in 2014, according to an analysis of publicly available data and estimates based upon past performances of Venezuela’s oil sector.